Bloomberg reported that OPEC’s crude production increased for a second month as Libya continued to recover from a political feud that had shuttered its biggest oil field, according to Bloomberg.
Bloomberg indicated that Libya has made up most of the increase in oil production of OPEC countries for the second month in a row.
OPEC pumped an average of 27.02 million barrels a day in November, up by 120,000 from the previous month, according to a Bloomberg survey, after Libya restored its disrupted production.
Bloomberg noted that Libya's production increased by about 110,000 barrels to reach 1.14 million per day, the highest since last July following the reopening of Sharara oil field in October.
Economy
